Ohio § 103.412
Full text of Ohio Ohio Revised Code § 103.412, with citation guidance and answers to common questions.
§ 103.412.
(A) Before the beginning of each fiscal biennium, the legislative service commission
shall contract with an actuary to determine the projected medical inflation rate for
the upcoming fiscal biennium. The contract shall require the actuary to make the determination using the same
types of classifications and sub-classifications of medical care that the United States
bureau of labor statistics uses in determining the inflation rate for medical care
in the consumer price index. The contract also shall require the actuary to provide the commission a report with
its determination at least one hundred twenty days before the governor is required
to submit a state budget for the fiscal biennium to the general assembly under section 107.03 of the Revised Code . (B) On receipt of the actuary's report, the commission shall share the report with the
standing committees overseeing the medicaid program under section 103.41 of the Revised Code . The standing committees, acting jointly, shall determine whether they agree with
the actuary's projected medical inflation rate. If they disagree with the actuary's projected medical inflation rate, the standing
committees shall work with the commission to determine a different projected medical
inflation rate for the upcoming fiscal biennium. The actuary, the commission, and standing committees shall determine the projected
medical inflation rate for the state unless that is not practicable in which case
the determination shall be made for the midwest region. (C) At least ninety days before the governor is required to submit a state budget for
the upcoming fiscal biennium to the general assembly under section 107.03 of the Revised Code , the commission shall submit a report to the governor, medicaid director, and the
standing committees that includes the following information: (1) The projected medical inflation rate, whether the standing committees recommend the
actuary's rate or the alternate rate recommended by the standing committees; (2) If the standing committees recommend an alternate rate, an explanation for rejecting
the actuary's rate; (3) A copy of the actuary's report.
Frequently Asked Questions About Ohio § 103.412
What does Ohio Revised Code § 103.412 cover?
Section 103.412 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 103.412?
A common citation format is "Ohio Revised Code § 103.412" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 103.412 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.